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Agenda• The LMU Entrepreneurship Center• Research and I R h d Innovation in Germany ti i G• Entrepreneurship and VC in Germany• German Silicon Valley Accelerator – A New Bridge ‐ History, Concept and Outlook 2

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THE LMU EC OF TODAY IS THE RESULT OF JOINED EFFORTS 2000 2007 2008 2011 Timeline Initial donation of Winner of major establishment of Development of 500,000€ from R lf 500 000€ f Rolf governmentt grant - tt t formal structure f l t t the major Dienst, Founder of 400,000€ per year and creation of entrepreneurship Wellington Partners to for 3 years LMU EC Lab community in the Prof. Dietmar Harhoff 2007-2010 region of Munich Students 100 600 700 1000 per yearNumber ofincubated 0 0 16 49 start-upsNumber of industry 1 1 2 18 partnersPage 3 July 2011

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WHAT WE PROMISED AND WHAT WE ACHIEVED: THE LMU EC AS ACATALYZER FOR ENTREPRENEURSHIP Mission Milestones achieved in 3 years Expansion of course offering from We educate tomorrow‘s Teaching 1 faculty in 2007 to all 18 faculties entrepreneurial leaders of the LMU in 2010 49 start-ups and over 120 new jobs We support the creation Lab in 43 months and over 4 million € in of successful ventures financing raised for founders & start-ups Over 7‘000 members We promote a culture of Community in our online community portal entrepreneurship www.entrepreneurship.info We make outstanding contributions 5 research projects in the fields of Research entrepreneurship and intrapreneurship in entrepreneurship researchPage 4 July 2011

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Research and Innovation in GermanyResearch and Innovation in Germany Most of Most of the slides used in the in the following slides orginate from annual reports of the Expert Commission Research and Innovation. The next report „Gutachten 2012“ will be handed to Chancelor Merkel on February 29th, 2012. English language pdf versions available at www.e‐fi.de. 8

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Research and Innovation in GermanyResearch and Innovation in Germany• R&D* performed by three major groups – enterprises (46.9 billion € – 67%) – universities (12.6 billion € ‐ 18%) – public research organizations (10.2 billion € ‐ 15%)• overall R&D intensity now at 2.82% of GDP ( (since 2009 en par with USA) p )• R&D as well as exports strongly focused on automotive, chemicals automotive, chemicals and machinery• much smaller role of ICT, pharma and life science 9*Note: data for 2010

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Research and Innovation in GermanyResearch and Innovation in GermanyR&D Expenditures as a Share of GDP in Selected Countries 10

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Research and Innovation in GermanyResearch and Innovation in Germany• G Germany is not among the l di R&D i h leading R&D performers f (top group comprised of Sweden, Finland, Korea, Japan) Japan)• structural reasons: industries with high R&D intensity not strongly not strongly represented in Germany in Germany• export success almost exclusively driven by established industries• result: political economy not always in favor of VC and entrepreneurship (with some notable changes recently) 11

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Entrepreneurship and VC in Germany VC in Germany• G Germany has b h been l i other countries in extent of lagging h i i f entrepreneurship, startup rates and VC investments.• Si Since mid‐1990s various public support schemes t id 1990 i bli t h to stimulate entrepreneurship – public support for VC funds VC funds – early‐stage support for foundes (EXIST founder stipends) – build up build‐up of entrepreneurship centers at universities – a.k.o. Bayh‐Dole for Germany (in 2002)• moderate success with some clusters being particularly moderate success successful• no breakthrough yet for VC tax treatment and VC tax treatment regulation 12

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Entrepreneurship and VC in Europe VC in EuropeVC Investment by Country of Portfolio Company as a Share of GDP in Selected Countries 13